Endurance Global Ventures

Lasting value. Enduring results.

A disciplined approach to the technologies shaping the world.

About Us

Endurance Global Ventures is an independent investment firm focused on late-stage venture capital and secondaries, investing predominantly in the United States.

Every major technology cycle is defined by a small number of companies that reshape the global economy. Our work is to reach those companies early and secure access that the open market cannot offer.

Our Story

Since 2018. Now, the AI supercycle.

2018–2020

Vintage I

Mobile & Space. Consumer products from the mobile wave supercycle, with early positions in space exploration and its infrastructure.

2021–2023

Discipline

Saw inflated valuations in crypto, metaverse and late-stage tech, and chose not to deploy. Doubled down on SpaceX and waited.

2024–2025

Vintage II

The AI supercycle begins. Early positioning in leading infrastructure players, with selective bets on applications and efficiency.

2026–2027

Vintage III

The AI supercycle continues, rotating into best-in-class AI applications, AI-enabled efficiency and AI-adjacent companies.

The Core Areas

Four ways to own the supercycle.

AI Applications

Intelligence becomes the product — across defense, healthcare, robotics and the modern workplace.

AI Infrastructure

Frontier labs, compute and accelerators, neoclouds and the energy behind them — the backbone of the cycle.

AI Efficiency

Established companies where intelligence drives structural efficiency gains or a step-change in trajectory.

AI Adjacent

Space, nuclear energy and advanced materials that enable the cycle and add structural resilience.

See the companies defining the AI supercycle.

View portfolio →
Portfolio

The portfolio, by vintage.

Selected companies from the Endurance Global Ventures portfolio.

Vintage III · 2026 —Rotating into applications, efficiency and adjacent companies

Anthropic IV

Entered 01/26

Radiant

Entered 02/26

Replit

Entered 03/26
PP

Project Prometheus

Entered 05/26
PR

Path Robotics

Entered 05/26

OpenEvidence II

Entered 06/26

Tenstorrent

Entered 06/26

OpenAI II

Entered 07/26
Vintage II · 2024–25Early positioning in the AI supercycle

OpenAI I

Realized · Exit

Shield AI

Realized · Exit

Groq I & II

Realized · Exit

Anthropic I–III

Entered 03/24

xAI

IPO via SpaceX · IPO

FluidStack

Entered 10/24

Revolut

Entered 02/25

Neuralink

Entered 05/25

Saronic

Entered 07/25

Polymarket

Entered 10/25

OpenEvidence

Entered 11/25

Vulcan Elements

Entered 12/25
Vintage I · 2018–20Mobile & Space — the prior supercycle

SpaceX

· IPO

Airbnb

· Exit

Spotify

· Exit

Uber

· Exit

Lyft

· Exit

Coursera

· Exit
Team

Ownership over the entire process.

A lean structure — from proprietary research to deal execution, covering due diligence, operations and investor relations.

Rafael Hansen

Rafael Hansen

Managing Partner & CIO
Martino Bagini

Martino Bagini

Operating Partner & Board Member
Ramiro Nobre

Ramiro Nobre

Partner & Head of Investor Relations
Mario Isaac

Mario Isaac

Managing Director
Daniel Stern

Daniel Stern

Business Development
Alan Vaisman

Alan Vaisman

Associate · Strategy & Ops
Ilan Saadia

Ilan Saadia

Research Lead
Matheus Pereira

Matheus Pereira

Research Analyst
Luis Junqueira

Luis Junqueira

Head of AI
Eduardo Rêgo

Eduardo Rêgo

Operations
Jane Mendes

Jane Mendes

PMO
Mauricio Machado

Mauricio Machado

Head of Operations
Contact

Investor Relations

For qualified institutions, family offices and private wealth.

ir@endurancegv.com